Are you interested in Mike Adenuga biography? Read the most interesting facts about his education and business empire. Besides, learn the latest details about Mr. Adenuga’s net worth, family, and place of residence.
How to make a million dollars? How to earn a billion or several billion? Probably, you need to work very hard, not afraid to take risks and have a certain share of luck. Today we talk about such a person. He is Nigeria's second richest man, as well as one of Africa’s richest people, Dr. Mike Adenuga.
Biography of Mike Adenuga
Probably, there is no person in Nigeria who has not heard about the famous businessperson, investor, sponsor of various charitable undertakings and just a good person.
Photo: themomentng.com
Education and Early Career
Mike Adenuga is a business magnate in Nigeria. His date of birth is the 29th of April, 1953. His father, Oloye Adenuga, worked as a teacher at a school. His mother, Juliana Oyindamola Adenuga, was a businesswoman. It’s worth noting that she has royal origins. The family lived modestly enough.
Mr. Adenuga got his secondary education in Ibadan. He studied at Northwestern Alva Oklahoma State University and Pace University in New York. Mike Adenuga received an MBA in business administration. When Mr. Adenuga was a student, he worked as a taxi driver and guard.
Mr. Adenuga achieved his first success in business when he was 26 years old. The future tycoon returned to Nigeria after his studies in the US and was involved in deals at a sawmill that belonged to his mother. Besides, Mike Adenuga sold lace and other textiles. He also distributed Coca-Cola.
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Mike Adenuga with Emmanuel Macron; photo: www.premiumtimesng.com
Mr. Adenuga also had influential friends among the military. With the help of Ibrahim Babangida, the former military president of Nigeria, Mike Adenuga received an oil exploration license. This gave birth to Conoil Producing Limited. The entrepreneur was the first person of Nigerian origin to explore crude oil on an industrial scale.
In 1990, he obtained a license for drilling. Then in 1991, Mr. Adenuga started oil production in the shallow waters (South Western part of Ondo State) in great numbers. As for his mobile communication business, Mike Adenuga got a GSM license in 1999.
Today, Mr. Adenuga is one of the richest men in the world and controls a vast business empire in Africa dealing with oil and gas, telecommunications, aviation, banking, and real estate.
Mike Adenuga in Telecoms
Mike Adenuga founded his mobile phone network Globacom in 2006. It has almost 30 million subscribers, and global services are also available in the Republic of Benin, Ghana, and Ivory Coast.
Globacom created a submarine communication cable system connecting the United Kingdom and Nigeria, named Glo-1. The project was completed to provide high-speed internet connections at the best prices for people.
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Photo: www.gloworld.com
Mike Adenuga in Banking
Equitorial Trust Bank is one of the largest banks in Nigeria. The ETB bank was founded in 1990. In 2011, Equitorial Trust Bank had almost one hundred branches in different cities across the country. In 2006, ETB bank merged with Devcom bank.
Despite Mr. Adenuga's successes in the banking sector, for some time, the ETB bank experienced certain difficulties. In 2009, the majority of the bank’s shares were taken over by the Nigerian Government.
Charity Projects of Mr. Adenuga
Mike Adenuga loves football. He sponsors the Nigerian national football team, the Nigerian premier league, and various soccer events and awards.
Mr. Adenuga and his Globacom also support many activities and projects in Nigeria and abroad.
He has received numerous awards for his contributions, including African Entrepreneur of the Year at the ATA (2007) and Silverbird Man of the Year Award (2009). Adenuga’s entrepreneurship creates jobs for many Nigerians.
Mr. Adenuga is ranked among the wealthiest men in Nigeria, holding the second place among the richest Nigerians. According to the latest Forbes data, Mike Adenuga’s net worth is 5.3 billion US dollars. See www.forbes.com
Adenuga’s Family
The businessman is married to Titi Joyce Adenuga. His most popular children include Belinda (Bella) Adenuga and Paddy Adenuga.
According to www.celebfamily.com, Dr. Mike Adenuga has seven more children:
- Adetutu Oyindamola Emilia
- Eniola
- Folashade
- Adeniyi
- Prince Michael
- Tunde <
